Iron Sheik -- Undertaker's Loss Was a Conspiracy!

Iron Sheik

Undertaker's Loss Was a Conspiracy!

4/8/2014 2:00 PM PDT BY TMZ STAFF

The Iron Sheik has joined the grassy knoll lunch club ... claiming TheUndertaker's loss at WrestleMania 30 was an off-the-cuff conspiracy triggered by an injury during the match.

It was a shocking loss ... breaking a record 21 wins in a row.

Undertaker suffered a serious concussion during his match against Brock Lesnar. A fringe cell -- including Iron Sheik -- believes Undertaker was supposed to win but after the injury there was a mad scramble to change the plan because Undertaker wasn't physically able to seal the deal.

The problem with the theory -- lots of people at the center of the WWE say Undertaker handpicked Brock years ago and more than likely planned to pass the torch at Sunday's event.

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